Legal Opinion
Davis v. United States
Court of Appeals for the Second Circuit
Decided January 4, 1937No. 135PublishedCited by 14 opinions
1Opinion of the Court
CHASE, Circuit Judge.
During the taxable year 1932, the appellant had, and reported, net income of $17,160.35 derived other than from sales or exchanges of stocks and bonds held not more than two years. That is, to say, he had no income whatever from sales or exchanges of what are by section 101 of the Revenue Act of 1932 (47 Stat. 191) defined to be noncapital assets.’
During the same taxable period he sold stocks which were noncapital assets within the definition of the above-mentioned section at a loss of $13,285. He claimed the right to deduct the loss so sustained from his net income…
2Cases cited11 opinions
- New Colonial Ice Co. v. HelveringSupreme Court of the United States · 1934
- Cohan v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1930
- Eisner v. MacOmberSupreme Court of the United States · 1920
- Brushaber v. Union Pacific RailroadSupreme Court of the United States · 1916
- Eisner, Internal Revenue Collector v. MacOmberSupreme Court of the United States · 1919
6 more not listed; retrieve them via the Exa API.
3Cited by14 opinions
- Alpenglow Botanicals, LLC v. United StatesCourt of Appeals for the Tenth Circuit · 2018
- Mississippi Valley Portland Cement Company v. United StatesCourt of Appeals for the Fifth Circuit · 1969
- Neuberger v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1939
- Winmill v. Commissioner of Internal RevenueCourt of Appeals for the Second Circuit · 1937
- Eli Wallach and Anne (Jackson) Wallach v. The United StatesCourt of Appeals for the Federal Circuit · 1986
9 more not listed; retrieve them via the Exa API.